Company News Archives

Jul 13 2016

Sun Communities Aims to Streamline Compensation and Enhance Workflows

By Matthew Silver / July 13, 2016 July 13, 2016 / Announcements, Business, Communities, Company News, Manufactured and Modular Housing News

The Xactly Corporation, a cloud-based company that specializes in increasing employee performance by incentivizing them and keeping their behavior in line with company goals, has been chosen by Sun Communities, Inc. (NYSE:SUI) to speed the sales compensation process and enhance workflows. “Xactly will standardize our workflows and greatly improve internal …

Sun Communities Aims to Streamline Compensation and Enhance Workflows Read More

Jul 13 2016

Aussie and New Zealand Firms Collaborate on Modular Homes

By Matthew Silver / July 13, 2016 July 13, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

New Zealand’s home builder Lite Green Projects is collaborating with Melbourne, Australia-based modular builder Habitech Systems to deliver super-insulated modular houses across the Tasman District, an area at the northern end of South Island of New Zealand. Andrei Martin of Lite Green said Habitech’s panel system provides high performance energy …

Aussie and New Zealand Firms Collaborate on Modular Homes Read More

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Jul 13 2016July 13, 2016

Hedge Funds Trading in Shares of Sun Communities

By MHProNews / July 13, 2016 July 13, 2016 / Business, Canada, Communities, Company News, Factory-Built Homes, Manufactured Homes, mobile home, Trends

MHProNews has learned from fidaily that GW&K Investment Management LLC purchased 15,805 shares of common stock of manufactured home community owner, Sun Communities, Inc. (NYSE:SUI) for the quarter ending June 30, 2016, increasing its stake to 2.3 percent. According to the filing with the Securities and Exchange Commission (SEC), GW&K’s investment is now …

Hedge Funds Trading in Shares of Sun Communities Read More

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Jul 12 2016July 12, 2016

Manufactured Housing Composite Value passes 1525, but Investors Keep selling

By MHProNews / July 12, 2016 July 12, 2016 / Business, Company News, Economy, Finance, Manufactured and Modular Housing News

Marketwatch’s Joseph Adinolfi points out that as new highs are hit on the Dow, that investors have actually been selling for months. “Investors have pulled the equivalent of $133 billion from global equity funds so far this year, according to a weekly fund flows report from Bank of America Merrill …

Manufactured Housing Composite Value passes 1525, but Investors Keep selling Read More

Jul 11 2016July 10, 2016

Retailer Offering Free Seminar on New MH and Modular Construction

By Matthew Silver / July 11, 2016 July 10, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Named Retailer of the Year by the Manufactured Housing Institute for the Northeast/ Mid-Atlantic region in 2003 and 2013, Plattsburgh Housing Outlet in Plattsburgh, New York, in the northeast corner of the state, is hosting a home building seminar July 21. Topics at the seminar will include lending requirements, manufactured …

Retailer Offering Free Seminar on New MH and Modular Construction Read More

Jul 10 2016July 9, 2016

Sunday Morning Recap-Manufactured Housing Industry News July 3-July 10, 2016

By Matthew Silver / July 10, 2016 July 9, 2016 / Advocacy, Announcements, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Educator, Builder Compare Conventional House to Residential Style Manufactured Home Living & Quality Double-Digit Manufactured Home Sales Growth, MHARR July 7 Report What’s New in Manufactured Housing Industry Professional News House defeats two amendments that would cripple proposed MH financing. Ohio county pursuing …

Sunday Morning Recap-Manufactured Housing Industry News July 3-July 10, 2016 Read More

Jul 8 2016July 8, 2016

Ownership of PA’s Modular Builder Foremost Homes in Court

By Matthew Silver / July 8, 2016 July 8, 2016 / Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular, People

The Foremost Homes modular home factory near Mercersburg, Pennsylvania is at the middle of a custody dispute between the former and current owner, which modularhomebuilder says may be prompting the auction of equipment on July 13, 2016. Foremost is comprised of two factories, the modular home plant and the panel-making …

Ownership of PA’s Modular Builder Foremost Homes in Court Read More

Jul 6 2016

Patrick Completes Acquisition of Plastics Firm LS Mfg.

By Matthew Silver / July 6, 2016 July 6, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

MHProNews has learned from finance.yahoo that manufactured home and recreational vehicle component supplier Patrick Industries, Inc. (NASDAQ:PATK) has completed the acquisition of Vacuplast, LLC, d/b/a LS Manufacturing, Inc., producer of thermoformed plastic components, primarily for the recreational vehicle industry. Founded in 2003, the company’s 12-months trailing revenue through May 2016 …

Patrick Completes Acquisition of Plastics Firm LS Mfg. Read More

Jul 6 2016July 6, 2016

Scott Parkhurst Re-joins Skyline Corp. as National Sales Mgr.

By Matthew Silver / July 6, 2016 July 6, 2016 / Announcements, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV

Skyline Corp. (NYSE:SKY) of Elkhart, Indiana announced today, according to what yahoo.finance reports, that Scott Parkhurst has been chosen to lead the company’s National Sales Manager division. Now responsible for marketing initiatives and growth for Skyline’s ten operating divisions, he previously worked for the company as a division sales manager, …

Scott Parkhurst Re-joins Skyline Corp. as National Sales Mgr. Read More

Jul 5 2016

Turnkey Tiny Home ready for Occupancy

By Matthew Silver / July 5, 2016 July 5, 2016 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

The Riverside tiny home by Nashville, TN-based New Frontier Tiny Homes measures 242 sq. ft., and at $79,000, this modular comes ready-to-move-in furnished, down to the the cutlery, furniture and all other accoutrements, according to what gizmag tells MHProNews. Sitting on a triple-axle trailer, the ebony stained cedar board and …

Turnkey Tiny Home ready for Occupancy Read More

Jul 5 2016

Lawsuit Attempts to Block Sale of Manufactured Home Community

By Matthew Silver / July 5, 2016 July 5, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

Updating a story MHProNews has been following out of the Lowry Grove manufactured home community (MH) in St. Anthony, MN outside Minneapolis, where residents were trying to stop the sale of their community, and are now trying to reverse the sale in court, the nearly 100 families have been given …

Lawsuit Attempts to Block Sale of Manufactured Home Community Read More

Jul 5 2016July 4, 2016

Insiders Making News at Patrick Ind. and Sun Communities

By Matthew Silver / July 5, 2016 July 4, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV

In insider trading, Todd Cleveland, CEO of Patrick Industries, Inc. (NASDAQ:PATK), a component supplier to the manufactured home and recreational vehicle industries, sold 20,000 shares of Patrick common stock at an average price of $59.50 per share for a net transaction of $1,190,715. Currently, Mr. Cleveland owns 405,481 shares of …

Insiders Making News at Patrick Ind. and Sun Communities Read More

Jul 4 2016

Modular Apartments for Seniors to be Occupied by Year’s End

By Matthew Silver / July 4, 2016 July 4, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Using low-income housing tax credits from the Internal Revenue Service, the $6.4 million modular senior housing project in Huntington, West Virginia, which when completed before the end of the year will consist of 30 one-bedroom units measuring about 650 sq. ft. and 10 two-bedroom units of about 800 sq. ft …

Modular Apartments for Seniors to be Occupied by Year’s End Read More

Jul 4 2016July 4, 2016

UMH Properties Announces Quarterly Stock Dividends

By Matthew Silver / July 4, 2016 July 4, 2016 / Announcements, Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

The Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable September 15, 2016, to shareholders of record as of Aug. 15, 2016. This equates to an annual dividend rate of $0.72 per share, as satprnews …

UMH Properties Announces Quarterly Stock Dividends Read More

Jul 3 2016July 3, 2016

Sunday Morning Recap-Manufactured Housing Industry News June 26-July 3, 2016

By Matthew Silver / July 3, 2016 July 3, 2016 / Advocacy, Announcements, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular

What’s New in public focused Manufactured HomeLivingNews.com St. Petersburg, FL – Misjudging Mobile Homes – Tale of Two Cities What’s New in Manufactured Housing Industry Professional News House committee requesting documentation from CFPB. Modular apartments replacing old apartment buildings. Zeman plans MH build in Florida. Maine city gets community development …

Sunday Morning Recap-Manufactured Housing Industry News June 26-July 3, 2016 Read More

Jul 1 2016

Modular Homes Rising where Irene Destroyed Manufactured Homes

By Matthew Silver / July 1, 2016 July 1, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Over four-and-one-half years after Tropical Storm Irene tore through Waterbury, Vermont, destroying 11 manufactured homes (MH) with waist deep water, developer Bob Baker with Paramount Homes is replacing the damaged units with 11 modular homes he will rent out. “As strong Vermonters, we just rebuild and that’s what we’re doing. …

Modular Homes Rising where Irene Destroyed Manufactured Homes Read More

Jul 1 2016

Modular Container Home in High-end Calif. Market

By Matthew Silver / July 1, 2016 July 1, 2016 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

People walking through a sleek new design home in San Diego overlooking the Pacific do not realize it is made of recycled shipping containers until they are told, as realtor tells MHProNews. “There’s a stigma, a misperception,” listing agent Jonathan Sanders says of the modular construction which his company and …

Modular Container Home in High-end Calif. Market Read More

Jul 1 2016

UMH Properties hits 52-Week High, Projections Skyward

By Matthew Silver / July 1, 2016 July 1, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

As investors await the Aug. 4, 2016 earnings report from manufactured housing community (MHC) owner UMH Properties, Inc. (NYSE:UMH), the stock has hit a new 52-week high at $11.25, with a target of $26.10, a 132% increase. If that is reached, that will add $405.09M to the $306.89M valuation of …

UMH Properties hits 52-Week High, Projections Skyward Read More

Jul 1 2016June 30, 2016

Maine City Receives Block Grant for Modular Apartments

By Matthew Silver / July 1, 2016 June 30, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

A project to replace deteriorating apartment buildings in Farmington, Maine with modular units moved closer to fruition as the Board of Selectmen accepted a $500,000 Community Development Block Grant (CDBG), and appointed an eight-member advisory board to oversee the building. MHProNews last posted a story about the project, called 82 …

Maine City Receives Block Grant for Modular Apartments Read More

Jul 1 2016

Zeman Expands its Reach into Florida

By Matthew Silver / July 1, 2016 July 1, 2016 / Announcements, Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Chicago-based Zeman Homes, which bills itself as one of the largest privately-owned owners of manufactured home communities (MHC) in the nation, has purchased a 43-acre site near Naples, Florida zoned for a 273 home MHC site. The company recently acquired the 55+ community Caribbean Park, according to what MHProNews has …

Zeman Expands its Reach into Florida Read More

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